428 N Genesee Ave - Apartments FOR SALE


Los Angeles, CA 90036- Hancock Park
$1,850,000 USD
310-562-9630
428 N Genesee Ave, Los Angeles, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

428 N Genesee Ave
Los Angeles, CA 90036
Hancock Park


HIGHLIGHTS

  • 1 unit will be delivered vacant as it is owner-occupied, making owner-user financing an excellent option for the purchase. Washer & dryer in-unit
  • Brand new electrical panel
  • Property features very spacious units with charming original architecture and details
  • 4 garage parking spaces plus additional parking in lot
  • Near many beloved LA landmarks such as The Grove, The Beverly Center, Fairfax Ave, Melrose Ave & Fairfax High School
  • Incredibly high barrier to entry neighborhood, with average home sales between $1.6-2M+

OVERVIEW

428 N Genesee presents a rare chance to own a well-maintained four-unit property in one of Los Angeles’ most desirable rental markets. The building features two (2Br+1Ba) apartments and two (1Br+1Ba). The property offers steady income with a mix of flexible leases with steady tenants: one unit is owner-occupied, one is month-to-month, one has a 1-year lease, and one’s lease expires this year (2026). The building features a brand new electrical panel (2025). Perfectly positioned in the vibrant, historic, and highly coveted Beverly Grove neighborhood, residents enjoy close proximity to trend-setting retail, dining, and entertainment. Just blocks away from Fairfax High School, The Grove, the Beverly Center and some of LA’s most iconic shopping and lifestyle destinations. 428 N Genesee combines rare location, strong rental demand, and long-term upside making this property an ideal addition to any investor’s portfolio.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

4

PRICE/UNIT

$462,500

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units in Beverly Grove! 1 Delivered Vacant

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LARD1.5

APN/PARCEL ID

5527-027-025

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

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Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.